The Keg Royalties Income Fund announces July 2004 cash distribution

July 13th 2004

VANCOUVER, July 13 /CNW/ - The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its July 2004 distribution of $0.09 cents per unit has been declared and is payable to unitholders of record as at July 21, 2004. The July 2004 distribution will be paid on July 30, 2004.

Vancouver-based Keg Restaurants Ltd. is the leading operator and franchiser of steakhouse restaurants in Canada and also has a substantial presence in the United States. The Fund controls and licences the Keg trade marks and other rights used in association with the Keg restaurants.